[Breaking] China Manufacturing Sector Contracts Sharply … PMI at 47.4
![[Breaking] China Manufacturing Sector Contracts Sharply … PMI at 47.4](http://www.asiae.co.kr/news/img_view.htm?img=2021061808010985412_1623970870.png)
[Asia Economy Beijing=Special Correspondent Jo Young-shin] China's Purchasing Managers' Index (PMI) for April was recorded at 47.4, lower than the previous month's 49.5. As a result, the PMI has declined for two consecutive months, indicating a significant contraction in China's manufacturing sector. The resurgence of COVID-19 has posed challenges to the Chinese economy.
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